Last update: Oct 2026

Cost of Living Comparison Between Istanbul and Iceland

Name: Iceland
Address: IS

For one person, living is cheaper in Istanbul: $1,526 a month against $3,841 in Iceland, rent and utilities included – about $27,800 less a year. Rent and utilities account for most of the difference.

74

Cost of Living Index in Istanbul
Learn more

Istanbul Living Index
185

Cost of Living Index in Iceland
Learn more

Iceland Living Index

Jump to prices

Istanbul

🇹🇷 Turkey

$1,526

/mo nomad

🇮🇸 Iceland

$3,841

/mo nomad

🙂 Solo nomad: Istanbul is 52.7% cheaper than Iceland without rent, and 60.3% cheaper with rent.

🙂 Family of 3: Istanbul is 54.3% cheaper than Iceland without rent, and 53.6% cheaper with rent.

Meal at Budget Restaurant

$11.88 ₺585

$27.37 ISK 3,337

-56.59%

Three-Course Dinner for Two, Mid-Range

$55.1 ₺2,714

$125 ISK 15.2K

-55.88%

Fast Food Meal (McDonalds, etc)

$9.14 ₺450

$24.08 ISK 2,937

-62.04%

Cappuccino

$4.24 ₺209

$6.19 ISK 755

-31.50%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$1.75 ₺86.0

$3.15 ISK 384

-44.44%

Water (0.33 liter bottle)

$0.54 ₺26.83

$2.99 ISK 365

-81.94%

Local Beer (0.5 liter draught)

$4.69 ₺231

$12.47 ISK 1,521

-62.39%

Imported Beer (0.33 liter bottle)

$5.97 ₺294

$12.50 ISK 1,524

-52.24%

Milk (1 liter)

$1.26 ₺62.1

$2.11 ISK 258

-40.28%

White Bread (500g)

$0.95 ₺46.81

$4.09 ISK 499

-76.77%

Rice (white) (1kg)

$2.31 ₺114

$3.45 ISK 421

-33.04%

Eggs

$2.47 ₺122

$7.23 ISK 882

-65.84%

Local Cheese (1kg)

$10.55 ₺520

$20.83 ISK 2,541

-49.35%

Chicken Fillets (1kg)

$5.60 ₺276

$24.61 ISK 3,001

-77.25%

Beef Round Steak (1kg)

$21.21 ₺1,045

$42.36 ISK 5,166

-49.93%

Apples (1kg)

$1.93 ₺95.1

$3.17 ISK 387

-39.12%

Banana (1kg)

$2.29 ₺113

$2.72 ISK 332

-15.81%

Oranges (1kg)

$1.28 ₺63.1

$3.20 ISK 390

-60.00%

Tomato (1kg)

$1.84 ₺90.8

$5.94 ISK 724

-69.02%

Potato (1kg)

$0.67 ₺32.86

$3.96 ISK 483

-83.08%

Onion (1kg)

$0.59 ₺29.31

$1.85 ISK 226

-68.11%

Lettuce (1 head)

$1.33 ₺65.4

$3.62 ISK 441

-63.26%

Water (1.5 liter bottle)

$0.59 ₺29.10

$1.93 ISK 236

-69.43%

Cigarettes 20 Pack (Marlboro, Camel)

$2.36 ₺116

$14.12 ISK 1,721

-83.29%

Wine (Bottle)

$13.47 ₺664

$23.36 ISK 2,849

-42.34%

Local Beer (0.5 liter bottle)

$2.42 ₺119

$3.72 ISK 454

-34.95%

Imported Beer (0.33 liter bottle)

$3.54 ₺174

$3.25 ISK 396

8.92%

One-way Ticket (Public Transport)

$0.83 ₺40.64

$5.54 ISK 676

-85.02%

Public Transport Monthly Pass (Regular Price)

$66.5 ₺3,273

$92.7 ISK 11.3K

-28.31%

Taxi Start (Normal Tariff)

$1.35 ₺66.6

$6.87 ISK 838

-80.35%

Taxi (Normal Tariff) (1km)

$0.85 ₺42.05

$2.90 ISK 354

-70.69%

Taxi 1hour Waiting (Normal Tariff)

$10.86 ₺535

$81.6 ISK 9,947

-86.68%

Gasoline (1 liter)

$1.47 ₺72.3

$2.36 ISK 288

-37.71%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$51.6K ₺2.5M

$50.2K ISK 6.1M

2.78%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$44.4K ₺2.2M

$53.5K ISK 6.5M

-16.98%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$89.2 ₺4,395

$96.5 ISK 11.8K

-7.56%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$11.60 ₺572

$30.37 ISK 3,704

-61.80%

Internet (50+ Mbps, Unlimited Data)

$16.10 ₺793

$88.0 ISK 10.7K

-81.69%

Gym Membership (Monthly)

$77.3 ₺3,805

$89.8 ISK 11.0K

-14.01%

Tennis Court (1 Hour on Weekend)

$22.66 ₺1,116

$50.7 ISK 6,183

-55.31%

Cinema Ticket

$8.34 ₺411

$18.98 ISK 2,314

-56.06%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$974 ₺48.0K

$1,053 ISK 128.4K

-7.54%

International Primary School, 1 Child (Yearly)

$25.8K ₺1.3M

$30.4K ISK 3.7M

-15.26%

Jeans (Levis 501 Or Similar)

$52.7 ₺2,597

$154 ISK 18.8K

-65.88%

Summer Dress (H&M, Zara, etc)

$39.16 ₺1,929

$48.13 ISK 5,869

-18.64%

Sport Shoes (Adidas, Nike)

$103 ₺5,083

$175 ISK 21.4K

-41.15%

Men's Leather Business Shoes

$96.6 ₺4,759

$231 ISK 28.2K

-58.22%

1-bedroom Apartment, City Center (Monthly)

$994 ₺49.0K

$2,476 ISK 301.9K

-59.85%

1-bedroom Apartment, Outside City Center (Monthly)

$629 ₺31.0K

$1,968 ISK 240.0K

-68.02%

3-bedroom Apartment, City Center (Monthly)

$2,024 ₺99.7K

$3,333 ISK 406.4K

-39.26%

3-bedroom Apartment, Outside City Center (Monthly)

$1,155 ₺56.9K

$2,708 ISK 330.2K

-57.35%

Buy Apartment in City Center (m2)

$3,160 ₺155.7K

$7,695 ISK 938.4K

-58.93%

Buy Apartment Outside City Center (m2)

$1,838 ₺90.5K

$6,295 ISK 767.7K

-70.81%

Average Monthly Net Salary (After Tax)

$1,203 ₺59.3K

$4,795 ISK 584.8K

-74.90%

20-Year Fixed Mortgage Interest Rate (Annual %)

41.09

9.29

342.30%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Istanbul: October 3, 2026

Last update for Iceland: October 3, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Istanbul

$629 41.2%

Iceland

$2K 51.6% 213% $1.3K

Groceries & Markets

Istanbul

$264 17.3%

Iceland

$617 16.2% 134% $353

Eating Out

Istanbul

$218 14.3%

Iceland

$477 12.5% 119% $260

Clothing & Footwear

Istanbul

$131 8.6%

Iceland

$274 7.2% 109% $143

Monthly Utilities & Internet

Istanbul

$117 7.7%

Iceland

$215 5.6% 83.8% $98

Sport & Entertainment

Istanbul

$94 6.1%

Iceland

$128 3.4% 36.1% $34

Getting Around

Istanbul

$75 4.9%

Iceland

$136 3.6% 80.8% $61

Good to know

🇹🇷 Istanbul

🇮🇸 Iceland

🕒 Local time

13:27 1:27 PM

10:27 10:27 AM

3 h behind Istanbul

🌤 Weather

👥 Population

15,701,602

364,260

💱 Currency

Turkish Lira TRY ₺

Icelandic Króna ISK kr

📈 Exchange rate

100 TRY = 2.03 USD

100 TRY = 1.81 EUR

1,000 ISK = 8.2 USD

1,000 ISK = 7.32 EUR

Exchange rates and currency converter

ISK, USD, EUR to TRY – Turkish Lira Converter

🇺🇸 United States Dollar ($)

🇹🇷 Turkish Lira (₺)

Turkish Lira exchange rates as of October 10, 2026: 1 USD = 49.26 TRY (100 TRY = 2.03 USD). 1 EUR = 55.2 TRY (100 TRY = 1.81 EUR).

Icelandic Króna exchange rates as of October 10, 2026: 1 USD = 122 ISK (1,000 ISK = 8.2 USD). 1 EUR = 137 ISK (1,000 ISK = 7.32 EUR).

USD to TRY in detail →

On the map

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Between locations

Istanbul Iceland 4,120 km ≈ 6 h nonstop flight

From you

Istanbul
Iceland

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Istanbul vs other spots: cost of living compared

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